Jet Airways slips for eleventh straight session, down 16% on BSE

During the past three trading days, the stock has plunged 38% after the BSE and NSE ordered to pull the scrip out from Futures and Options trading from June 28

Shares of Jet Airways (India) continued to reel under pressure for the eleventh straight session to hit fresh lows during the intra-day trade on Monday. The stock was down 16 per cent to Rs 68.65 apiece on the BSE ahead of the lenders' meeting later in the day to decide rescue plan for the cash-strapped airline.

The stock has tanked 53 per cent thus far in June, as compared to 1 per cent decline in the S&P BSE Sensex.

"The fate of Jet Airways, grounded since April 17, may be decided on Monday with lenders meeting to finalise how a